Tax
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September 17, 2024
Alberta’s new iGaming market: lessons from Ontario
Alberta is drawing inspiration from Ontario.
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September 16, 2024
Federal Court of Appeal finds ‘sympathy’ for appellant while dismissing tax appeal
The Federal Court of Appeal has dismissed a taxpayer's appeal for an extension to file objections for notices of reassessment, despite the appellant having many communications with the Canada Revenue Agency (CRA) and having submitted and resubmitted relevant documents.
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September 16, 2024
Navigating Canada’s new capital gains transition rules
In the Federal Budget, released on April 16, 2024, the government of Canada proposed increasing the capital gains inclusion rate. For corporations and trusts, the rate was proposed to increase from 50 per cent to 66.67 per cent. And similarly, for individuals, the rate on capital gains realized in a year exceeding $250,000 was proposed to increase from 50 per cent to 66.67 per cent.
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September 11, 2024
Federal Court quashes CRA decision to reassess taxpayer after accepting voluntary disclosure
The Federal Court has quashed a decision by the minister of national revenue to reassess a taxpayer without justification after accepting disclosure by the taxpayer under the Voluntary Disclosures Program (VDP) as complete.
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September 11, 2024
Business group urges Ottawa to revoke digital services tax on large tech firms
The organization that represents many of Canada’s largest corporations is calling on the federal government to revoke the three per cent digital services tax (DST) it unilaterally imposed on large tech companies in late June.
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September 10, 2024
Federal government announces public consultation as it eyes surtaxes on more Chinese goods
Amid rising trade tensions with China, Canada has launched another public consultation as a potential precursor to imposing additional surtaxes on Chinese goods.
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September 10, 2024
Converting your principal home to a rental property
When transitioning your principal residence into a rental property, or vice versa, the tax implications can be complex. Understanding these nuances is crucial for making informed decisions and effectively managing your tax liabilities.
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September 10, 2024
Federal lawyers’ union contends Ottawa’s return-to-office order is ‘arbitrary, counterproductive’
Arguing that the federal government’s return-to-office directive to public servants is “costly, inefficient, arbitrary, and counterproductive,” the union for more than 3,500 federal lawyers has challenged the federal Treasury Board direction that lawyers and most other federal workers must be physically present in their workplaces at least three days a week.
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September 09, 2024
Canada launches legal fight against increased U.S. duties on Canadian softwood lumber
Ottawa is launching two legal challenges under the Canada-United States-Mexico Agreement (CUSMA) in a bid to overturn a recent decision by the U.S. to increase anti-dumping duties and countervailing duties on Canadian softwood lumber.
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September 09, 2024
Director resignation and director’s liability
Are you a director on a board or have you ever been a director on a board? Do you know how a director’s liability is affected by resignation? This article discusses exactly that — whether a director can avoid certain liabilities by resigning.